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BUD

GTBIF

SAM

TLRY

Green Thumb Industries (OTCQX:GTBIF) has proposed a merger with Boston Beer Co. (NYSE:SAM) to gain access to a major U.S. stock exchange. The merger aims to create a powerful entity in the cannabis and beverage industries, focusing on innovative cannabis-infused products. Boston Beer's stock surged over 20% following the news.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 8:11 pm

COIN

Bitcoin surged past $70,000 amid rising institutional capital inflows, with notable increases in large transaction volumes and daily active addresses. Ethereum and Dogecoin also saw gains. Analysts predict further growth for Bitcoin, with some expecting it to reach $100,000 by the end of 2024.

Portfolio Pulse from Khyathi Dalal

June 04, 2024 | 8:10 pm

AMZN

HCP

HashiCorp has announced a strategic collaboration with Amazon Web Services (AWS) to enhance infrastructure and security lifecycle management. The five-year agreement includes co-innovation and go-to-market collaboration.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:10 pm

RPTX

Repare Therapeutics has received FDA Fast Track designation for its drug Lunresertib in combination with Camonsertib for the treatment of platinum-resistant ovarian cancer.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:09 pm

AMZN

HCP

HashiCorp has signed a five-year strategic collaboration agreement with Amazon Web Services (AWS) to enhance infrastructure and security lifecycle management for customers. The partnership will focus on co-innovation and go-to-market strategies, including the co-development of Terraform policies for AWS.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:06 pm

CLIA

SEMI

STM

STMicroelectronics (NYSE:STM) and Geely Auto Group have signed a long-term Silicon Carbide (SiC) supply agreement, boosting STM's stock price. The deal aims to enhance SiC device collaboration for Geely's electric vehicles, improving performance and driving range. STM's stock gained 2.13% following the news.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 8:05 pm

KRMD

KORU Medical Systems has announced a collaboration with a global pharmaceutical company to conduct a feasibility study using its Freedom Infusion System for a subcutaneous oncology biologic drug.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:03 pm

AAPL

AMD

AMZN

ARM

GOOGL

META

MSFT

MU

NVDA

QCOM

QQQ

SMH

SOXX

TSM

XLK

Nvidia, AMD, Qualcomm, Micron, and Arm stocks are trading lower due to TSMC's plans to increase AI chip production prices. Big Tech stocks like Microsoft, Meta, Alphabet, Apple, and Amazon are also down. Semiconductor and Big Tech ETFs are affected as well.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 8:01 pm

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX) has received a Notice of Allowance for a Japanese patent application for its preventive care technology. This follows the company's acquisition of a global patent portfolio from Intramont Technologies, expanding its protection for formulations combating infections.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:00 pm

CRWD

EWW

Indian stocks fell due to election results, natural gas prices dropped on reports that a Norway pipeline could be repaired by Friday, and Crowdstrike is set to report earnings after the close.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:00 pm